Job Market Monitor
Unemployment
Germany / Just 2.2 percent of graduates had no work in 2011
All that cramming and hard work might pay off after all: German graduates are practically guaranteed a job – current figures show nearly full employment among those who have an academic degree. Just 2.2 percent of graduates had no work in 2011 according to figures issued on Tuesday by the Institute for Employment Research (IAB) … Continue reading
EU / Government books are closer to being balanced, but mass unemployment seems to be there to stay
Most government books are closer to being balanced. Budget deficits will shrink below the 3 percent limit in the Stability and Growth Pact, while the commission estimates that the eurozone will run a current account surplus of over 2 percent in 2014. The commission also expects Spain to run a current account surplus in 2013. … Continue reading
Over 50 / The new ‘unemployables’
Unemployed workers in their fifties are increasingly finding themselves stuck in limbo. On one hand, they’re too young to retire. They may also be too old to get re-hired. Call them the “new unemployables,” say researchers at Boston College. Older workers were less likely to lose their jobs during the recession, but those who were … Continue reading
US / Estimated Impact of the American Recovery and Reinvestment Act
As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy. CBO develops estimates of ARRA’s effects on output and employment by looking at recorded spending to date … Continue reading
New Zealand / A jobs crisis?
Transpacific waste management is the latest company to announce job cuts. It comes at the end of a week when at least 1000 more workers could be facing unemployment with Telecom restructuring and Solid Energy in financial trouble. But are we facing a jobs crisis? Transpacific has announced 200 jobs across Australia and New Zealand … Continue reading
Netherlands / Gloomy Figures: Unemployment rate reaches 7.5%
A string of gloomy figures from the national statistics office CBS on Thursday show the Dutch economy is still in crisis. The jobless rate in January hit 7.5%, the CBS said, a rise of 0.3 percentage point on December. Over the past three months, an average of 19,000 people have joined the ranks of the … Continue reading
Testimonies / Unemployment stories: Hello from the underclass
The real unemployment rate in southwest Detroit is almost 50%. Seventeen rural South Carolina counties just closed their unemployment offices due to budget cuts, despite high unemployment. In New York, unemployed people say they’re being discriminated against in job searches. The life of the unemployed American is not easy. Each week, we bring you true … Continue reading
Australia / Unemployment (Infographics)
These two infographics (JMM: only one of them here) provide a visual snapshot of the state of unemployment and income support payments in Australia, as well as providing a clearer understanding of how well the Job Services Australia system works to support people in finding jobs. Jobs Australia plan to create a series of infographics … Continue reading
Arab Spring Crisis / About lack of jobs says World Bank Chief
In an interview with RT the World Bank Group President, Jim Yong Kim touched on some key global problems: ending poverty and increasing the private economic sector, fighting global warming and ending the political crisis in Mali. *-* RT:So you are continuing the WB’s mission to fight world poverty, it’s actually a policy that has … Continue reading
US / Unemployment Rate for veterans between 18 and 24 exceeded 20 percent last year
Two months after completing his five-plus years as an Army medic, Dan Huber is still looking for a job. And while he’s had some promising interviews, he has no assurances the search will end soon. That’s given him some insight that he shares with some of his buddies back at Fort Polk in Louisiana: Don’t … Continue reading
UK / Unemployment falls to 2.5m
UK unemployment fell in the three months to December, while the number of people in work jumped to a new record. The jobless total fell by 14,000 between October and December to 2.5 million, the Office for National Statistics (ONS) said. The number in work rose by 154,000 to 29.7 million. More than 580,000 more … Continue reading
US / Almost half of employed college graduates are in jobs requiring less than college education
“Political leaders, prominent foundations, and college presidents have argued that the nation must increase the proportion of adults with college degrees in order for America to remain competitive in the global economy” write Richard Vedder, Christopher Denhart, and Jonathan Robe in Why Are Recent College Graduates Underemployed? University Enrollments and Labor-Market Realities (Adapted quotes to follow). Supporting those … Continue reading
After the Great Recession: The Challenge
Joshua Meltzer, David Steven and Claire Langley in The United States After the Great Recession: The Challenge of Sustainable Growth (Brookings Institution) write: “Never before has our nation enjoyed, at once, so much prosperity and social progress with so little internal crisis and so few external threats,” President Clinton argued in January 2000 in his final State … Continue reading
UK / Back-to-work scheme, Genesis scheme created less than 800 jobs
Fewer than 800 people found jobs through a failed Welsh government back-to-work scheme, BBC Wales can reveal. It was hoped Genesis Cymru Wales 2 would help 20,000 people find work or get qualifications. But only around half that number took part and just 7% of them found work. Opposition assembly members say lessons need to … Continue reading
China / Only 29 percent of the graduate students master’s degrees have found jobs
As the Spring Festival is coming to an end, graduate students may find it harder to get a desirable job than usual, as a recent survey shows that only 29 percent of students with master’s degrees have secured jobs, down from last year. A survey conducted from December last year to January 2013 by My … Continue reading
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